BK Technologies Correlations

BKTI Stock

USD 34.79 2.21 6.78%

The current 90-days correlation between BK Technologies and Frequency Electronics is 0.35 (i.e., Weak diversification). The correlation of BK Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

BK Technologies Correlation With Market

Average diversification

The correlation between BK Technologies and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BK Technologies and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BK Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more detail on how to invest in BKTI Stock please use our How to Invest in BK Technologies guide.

Moving together with BKTI Stock

0.76	KN	Knowles Cor	Pair Corr
0.75	UI	Ubiquiti Networks Tech Boost	Pair Corr
0.67	VIAV	Viavi Solutions	Pair Corr
0.66	SATLW	Satellogic Warrant	Pair Corr
0.8	EMKR	EMCORE	Pair Corr
0.76	EXTR	Extreme Networks	Pair Corr
0.68	FEIM	Frequency Electronics	Pair Corr
0.78	FFIV	F5 Networks	Pair Corr
0.74	CLS	Celestica	Pair Corr
0.69	DLB	Dolby Laboratories	Pair Corr
0.63	HPE	Hewlett Packard Ente Aggressive Push	Pair Corr
0.64	IDN	Intellicheck Mobilisa	Pair Corr
0.67	MEI	Methode Electronics	Pair Corr

Moving against BKTI Stock

0.9	VISL	Vislink Technologies	Pair Corr
0.68	DM	Desktop Metal	Pair Corr
0.61	FN	Fabrinet	Pair Corr
0.46	VSAT	ViaSat Inc	Pair Corr
0.32	ERIC	Telefonaktiebolaget Earnings Call This Week	Pair Corr
0.79	CDW	CDW Corp	Pair Corr
0.42	UKOMW	Ucommune International	Pair Corr
0.77	OST	Ostin Technology	Pair Corr
0.76	LPL	LG Display Earnings Call This Week	Pair Corr
0.63	STX	Seagate Technology PLC Earnings Call This Week	Pair Corr
0.62	NOK	Nokia Corp ADR Earnings Call This Week	Pair Corr
0.46	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	FEIM	WSTL	ITI	ASNS	TESS	OCC	PCTI	DZSI	BYLTF	PWFL
FEIM		-0.7	0.36	-0.12	0.88	0.59	0.28	-0.45	0.19	-0.32	FEIM
WSTL	-0.7		0.1	0.34	-0.63	-0.07	0.0	0.12	-0.25	0.23	WSTL
ITI	0.36	0.1		0.38	0.54	0.81	0.52	-0.77	-0.08	-0.19	ITI
ASNS	-0.12	0.34	0.38		-0.04	0.54	0.2	-0.09	-0.25	-0.15	ASNS
TESS	0.88	-0.63	0.54	-0.04		0.63	0.43	-0.69	0.13	-0.3	TESS
OCC	0.59	-0.07	0.81	0.54	0.63		0.45	-0.64	-0.06	-0.34	OCC
PCTI	0.28	0.0	0.52	0.2	0.43	0.45		-0.5	0.29	0.32	PCTI
DZSI	-0.45	0.12	-0.77	-0.09	-0.69	-0.64	-0.5		-0.04	0.12	DZSI
BYLTF	0.19	-0.25	-0.08	-0.25	0.13	-0.06	0.29	-0.04		0.39	BYLTF
PWFL	-0.32	0.23	-0.19	-0.15	-0.3	-0.34	0.32	0.12	0.39		PWFL
	FEIM	WSTL	ITI	ASNS	TESS	OCC	PCTI	DZSI	BYLTF	PWFL

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TESS	+ 0.88	FEIM
OCC	+ 0.81	ITI
OCC	+ 0.63	TESS
OCC	+ 0.59	FEIM
TESS	+ 0.54	ITI
OCC	+ 0.54	ASNS

High negative correlations

DZSI	- 0.77	ITI
WSTL	- 0.7	FEIM
DZSI	- 0.69	TESS
DZSI	- 0.64	OCC
TESS	- 0.63	WSTL
DZSI	- 0.5	PCTI

Risk-Adjusted Indicators

There is a big difference between BKTI Stock performing well and BK Technologies Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze BK Technologies' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FEIM	1.91	0.50	0.27	31.65	1.31	(2.63)	4.39	(2.93)	34.59
WSTL	1.70	0.34	0.15	(2.55)	1.52	(2.51)	4.17	(3.12)	7.87
ITI	88.12	45.98	46.73	(9.35)	0.00	(108.41)	5.42	(0.41)	2,939
ASNS	3.81	0.29	0.07	1.18	3.56	(5.33)	8.63	(7.09)	38.94
TESS	0.13	0.02	0.03	(1.72)	0.00	(0.22)	0.23	(0.23)	1.03
OCC	4.20	1.25	0.37	1.01	2.46	(6.27)	14.06	(5.58)	65.02
PCTI	1.60	0.19	0.09	0.37	1.74	(2.16)	3.49	(3.58)	10.78
DZSI	5.85	(2.67)	0.00	1.21	0.00	0.00	8.73	(20.00)	63.79
BYLTF	2.34	0.86	0.00	(0.32)	0.00	0.00	0.00	0.00	92.22
PWFL	2.45	0.10	0.03	0.22	3.34	(2.51)	5.38	(6.39)	14.35

BK Technologies Corporate Management

Lorenzo Cruger	Senior Engineering	Profile
Gerardo Urbina	Vice Resources	Profile
Scott Malmanger	Principal CFO	Profile
Stephen Theisen	Senior Marketing	Profile
Henry Willis	Chief Officer	Profile
Branko Avanic	Chief Officer	Profile

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